REG - Tertiary Minerals - Mushima North Drilling

Tertiary MineralsAnnouncement

16/10/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241016:nRSP3126Ia&default-theme=true

RNS Number : 3126I  Tertiary Minerals PLC  16 October 2024

 

 

16 October 2024

 

Tertiary Minerals plc ("Tertiary" or the "Company")

 

Mushima North Drilling

 

Further to its announcement of 23 September 2024, the Company is pleased to
advise that the Company's inaugural drill programme at its Mushima North
Copper Project in Zambia has now been completed.

Summary:

 

·    Drilling aimed to test the A1 and C1 coincident copper, zinc and
arsenic soil anomalies defined by the Company's soil sampling programmes
completed in 2023 (see announcements dated 5 October and 16 October 2023 for
further details).

 

·    Twenty-five aircore/reverse circulation drillholes completed to a
maximum depth of 112m.

 

·    Three drill traverses completed at anomaly A1, one drill traverse at
anomaly C1.

 

·    Portable X-Ray Fluorescence ("pXRF) analysis of drill samples now
being completed, together with QA/QC checks. Selected samples will also be
sent to an independent laboratory for check analysis.

 

·    pXRF analytical results will be released as soon as possible.

 

A plan showing the location of Mushima North drill holes can be found at the
end of this release.

Patrick Cheetham, Executive Chairman of Tertiary Minerals plc said:

"Our inaugural drill programme at Mushima North went smoothly and was
extremely successful, meeting its objectives in full. The Mushima North area
is quite remote and largely inaccessible for exploration during the wet
season, so we are pleased to have completed the drill programme and
demobilised the drill equipment before the onset of the rains."

 

Further Information:

 Tertiary Minerals plc:
 Patrick Cheetham, Executive Chairman  +44 (0) 1625 838 679
 SP Angel Corporate Finance LLP

 Nominated Adviser and Broker
 Richard Morrison                      +44 (0) 203 470 0470
 Caroline Rowe
 Peterhouse Capital Limited

 Joint Broker
 Lucy Williams                         + 44 (0) 207 469 0930
 Duncan Vasey

 

Market Abuse Regulation

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

 

Notes:

1.         The information in this release has been compiled and
reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person
for the purposes of the AIM Note for Mining and Oil & Gas Companies. Mr.
Cheetham is a Member of the Institute of Materials, Minerals & Mining and
also a member of the Australasian Institute of Mining & Metallurgy.

 

2.         The news release may contain certain statements and
expressions of belief, expectation or opinion which are forward looking
statements, and which relate, inter alia, to the Company's proposed strategy,
plans and objectives or to the expectations or intentions of the Company's
directors. Such forward-looking statements involve known and unknown risks,
uncertainties, and other important factors beyond the control of the Company
that could cause the actual performance or achievements of the Company to be
materially different from such forward-looking statements. Accordingly, you
should not rely on any forward-looking statements and save as required by the
AIM Rules for Companies or by law, the Company does not accept any obligation
to disseminate any updates or revisions to such forward-looking statements.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DRLEAKESFSFLFFA